CALGARY — The federal and Alberta governments are pledging almost $90 million to fund clean technology developments at major oilsands producer Canadian Natural Resources Ltd. The commitments are expected to result in a total investment of $415 million in three projects. More than half of the federal commitment of $72.3 million, about $45 million, will go to Titanium Corp., a company working with... Read More

TORONTO — TD Securities is predicting the Bank of Canada will keep its key interest rate on hold through to the end of next year. The forecast builds on the firm’s forecast last week that the central bank would not hike its key interest rate target this year. Andrew Kelvin, TD’s senior Canada rates strategist, says recent economic data suggests... Read More

VANCOUVER — Goldcorp Inc. says work at its Cerro Negro mine in Argentina has restarted following a stoppage by unionized workers at the mine. The gold miner says a conciliation process resolution has been issued by the provincial government of Santa Cruz and accepted. Workers represented by the Asociacion Obrera Minera Argentina stopped work on March 8. The company says... Read More

The chief executive of Hexo Corp. says cannabis products have been slow to reach retailers because licensed producers “underestimated” the infrastructure needed to fulfill orders. Sebastien St-Louis’s comments came one day after Health Canada released legal cannabis sales and inventory figures for January that indicated sales of dried flower fell while licensed producers’ finished inventory stockpiles continued to build up. “All the LPs, including... Read More

TORONTO — The materials sector weighed on stocks in Toronto as Canada’s main stock index moved lower in late-morning trading. The S&P/TSX composite index was down 42.95 points at 16,107.02. In New York, the Dow Jones industrial average was down 0.95 points at 25,701.94. The S&P 500 index was down 0.14 points at 2,810.78, while the Nasdaq composite was down... Read More

TORONTO — The regulatory bodies that oversee Canada’s stock markets are seeking feedback on what rules should be established for trading platforms for cryptocurrencies such as Bitcoin, Ethereum and Ripple. The provincial regulators represented by the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada published their proposed framework on Thursday. The CSA says crypto trading platforms don’t necessarily fit the existing regulatory structure... Read More

MONTREAL — WSP Global Inc. says its fourth-quarter profit attributable to shareholders was $43.3 million, up from $30.3 million a year ago. The engineering and consulting firm says net earnings amounted to 41 cents per diluted share for the quarter ended Dec. 31 compared 29 cents per diluted share a year ago. Revenue totalled $2.04 billion, up from $1.95 billion... Read More

GATINEAU, Que. — Marijuana company Hexo Corp. reported a loss of $4.3 million in its latest quarter as revenue grew to $16.2 million in its first full quarter following the legalization of recreational cannabis in Canada. The company says the loss amounted to two cents per share for the quarter ended Jan. 31. The result compared with a loss of nearly $9... Read More

VANCOUVER — Goldcorp Inc. says its chairman, Ian Telfer, will not be joining the board of Newmont Mining Corp. after the U.S. gold miner completes its deal to buy the company. Newmont announced a friendly deal valued at US$10 billion to acquire Goldcorp in January. Telfer was to join the Newmont board as deputy chairman once the deal was completed.... Read More